1:59Not Secure – moodle.kent.edu.auValron Company has two support departments,Human Resources and General Factory, and twoproducing departments, Fabricating and AssemblySupportProducingDepartmentDepartmentHuman GeneralFabricatingAssemblyResources FactoryDirect$160,000$340,000 $114,600 $93,000costsNormalactivity:Number ofemployees6080170Squarefootage10005,700 13,300The costs of the Human Resources Department areallocated on the basis of number of employees, andthe costs of General Factory are allocated on thebasis of square footage. Valron Company uses thedirect method of support department cost allocation.Based on the above information, allocation ratios forhuman resources department cost to fabricating &Assembly department will be :Select one:a. 20% & 60%b. 32% & 68%c. 22% & 58%d. 30% & 40%

Under direct method, the cost of support departments is allocated to production department directly…

Valron Company has two support departments, Human Resources and General Factory, and two producing departments, Fabricating and Assembly Support Producing Department Department Human General FabricatingAssembly Resources Factory Direct $160,000$340,000 $114,600 $93,000 costs Normal activity: Number of employees 60 80 170

Valron Company has two support departments, Human Resources and General Factory, and two producing departments, Fabricating and Assembly Support Producing Department Department Human General FabricatingAssembly Resources Factory Direct $160,000$340,000 $114,600 $93,000 costs Normal activity: Number of employees 60 80 170

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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ngageNOWv2 | Online teachin X + om/ilrn/takeAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSession Locator=&inprogress... € Compute conversion costs given the following data: direct materials, $363,600; direct labor, $192,400; factory overhead, $204,500 and selling expenses, $35,600. Oa. $396,900 Ob. $568.100 Oc. $168,900 Od. $760,500 8 5/2
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nents- ACG20 CengageNOWv2 | Online teachin x G The following events took plac- takeAssignment/takeAssignmentMain.do?invoker%3D&takeAssignmentSessionLocator3D&inprogress=fal еВook Show Me How Financial Statements of a Manufacturing Firm The following events took place for Digital Vibe Manufacturing Company during January, the firs a. Purchased $43,900 of materials b. Used $33,800 of direct materials in production. c. Incurred $50,500 of direct labor wages. d. Incurred $71,100 of factory overhead. e. Transferred $118,100 of work in process to finished goods. f. Sold goods for $211,200. g. Sold goods with a cost of $93,900. h. Incurred $54,000 of selling expenses. i. Incurred $23,700 of administrative expense. Using the information given, complete the following: a. Prepare the January income statement for Digital Vibe Manufacturing Company. Digital Vibe Manufacturing Company Income Statement For the Month Ended January 31 Operating expenses: Total operating expenses Check My Work All work…